Bitcoin RISING WEDGE against BULL Flag

Hey guys Bitcoin presently surroundings with lots of speculations both fundamentally and Technically.

There is no doubt about it we have huge BULL FLAG forming presently that got lots of people talking. Where as there is still another setup forming inside this BULL FLAG in the form of RISING WEDGE .

Well this analysis stands to make things clear, even if the wedge happen to win this battle that does not make the BULL Flag pattern invalid but even making it to look stronger.

If price goes in the direction of the rising wedge which has already broke down will lead the price down to our target in the range of 3400$-3500$ which equivalent to 78.6% fib level of the previous impulsive upside move.

Moreover, if price decided to shut down the wedge and breakthrough the important resistance level at 3990$ then this will signal the long waited Bullish move with immediate target at 4800$-5000$.

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Trade active:

Trade active:
Trade continue, we had first leg down and the possibilities for more dumping is still very high.

Trade active:
The whole market setup still look to go down, we must focus with this with care. If 3800 break we may see sharp market drop to complete the last leg of wave iii before rising back up for retracement.

Trade active:
Hi guys

As we can see Bullish sentiment has spread all over the market which gave me some possible feeling for little dump before major move commence.

Here is my analysis on Bitcoin right now. I got price targets much much lower although a test of the bottom of the channel at $3,100 retesting the 2018 lows. once that breaks look out below. click the chart